Based on just released 2011 eps...pe now at 16.8...21 pe was based on yag eps...most sites (including Kraft home page), not updated with new eps number. Going forward, 2012 estimated eps should be around 2.50...thus new share price could get to around (2.50 x 17) 42.50. Does not take into account split. glty
Agree, and the perceived value of the split seems to be built in. I don't quite get the split as looking at the pending new companies, they'd look good to merge. This just became a long term holding for me, so now looking for a better combo of PE/Div/Growth & Payout ratio.